Advertisers Flee Imus Fiasco

MEDIA
• Advertisers ditch Imus faster than you can say "Rutgers basketball" — Proctor & Gamble is out, along with Staples and Bigelow Tea. Considering Imus's show generates 25 percent of revenue for WFAN, this isn't looking good. We'll see what happens when the Rutgers basketball team meets up with him. [WSJ] and [NYT]
SNL producer Lorne Michaels is frustrated with NBC's vigilante legal department for removing network material from YouTube. [NYO]
• Newish Times editorial-page editor Andrew Rosenthal is embracing the Web in ways his predecessors have not. Anyone want a TimesSelect column? [NYO]

LAW
• In addition to appearing in Playboy videos, Brooklyn Law student Adriana Dominguez also interned in the Brooklyn D.A.'s domestic-violence unit. The guy spanking her in the video? A classmate, of course. [Above the Law]
• Michele Hirshman, Spitzer's longtime No. 2 at the attorney general's office, will join Paul Weiss's New York office. [Law Blog/WSJ]
• A reporter is looking for your summer-associate horror stories. [Above the Law]

FASHION
• Marc Jacobs is out of rehab and hanging out with Naomi Campbell. [Perez Hilton]
• Lutz & Patmos' latest guest designer is architect Richard Meier. The label has, in the past, collaborated with Carine Roitfeld, Julianne Moore, and L'Wren Scott. [Fashion Week Daily]
• In more collaboration news, Yohji Yamamoto is pairing up with Mikimoto to design a twenty-piece collection. [Fashion Wire Daily]

FINANCE
• Citigroup will lay off 17,000 employees beginning this week; 1,600 unlucky New York City employees will soon file for unemployment. [NYT]
• Former financial adviser Martin A. Armstrong was sentenced to five years in prison for running a Ponzi scheme called Princeton Economics International. That's on top of the seven years he's spent in jail for failing to produce $15 million in gold, antiquities, and documents — the longest-running contempt of court battle in history. [NYP]
• Lackluster returns made no difference to hedge-fund managers Art Samberg and Louis Bacon, who still took home hundreds of millions last year. [NYP]